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Paraguay President Pea under investigation, faces removal from office over bank collapse

ASUNCIÓN, Paraguay (AP) — Paraguayan President Santiago Peña is under criminal investigation following the collapse of a major digital bank, prosecutors announced, as the South American leader prepares to defend himself before the Senate against possible removal from office on Friday. The crisis at Ueno Bank turned Peña’s long-ruling Colorado Party against him, a stunning reversal for the former International Monetary Fund economist who had enjoyed the backing of the country's most and...

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